Rogers Communications Inc. (RCI, Financial) has announced its first-quarter financial results, revealing a modest increase in revenue. The company reported revenue of C$4.98 billion, compared to C$4.9 billion during the same period last year. This growth comes despite the challenges posed by a slowing economy.
President and CEO Tony Staffieri highlighted the company's achievements in the first quarter, emphasizing positive revenue and adjusted EBITDA growth. Additionally, Rogers successfully expanded its mobile phone and Internet customer base, signaling resilience in the face of economic headwinds.
The company is also focusing on financial discipline by deleveraging its balance sheet ahead of schedule. Strategic investments are being made to ensure sustained growth over the long term, underpinning Rogers' commitment to strengthening its market position.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Rogers Communications Inc (RCI, Financial) is $38.53 with a high estimate of $49.94 and a low estimate of $27.06. The average target implies an upside of 51.64% from the current price of $25.41. More detailed estimate data can be found on the Rogers Communications Inc (RCI) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Rogers Communications Inc's (RCI, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Rogers Communications Inc (RCI, Financial) in one year is $50.57, suggesting a upside of 99.02% from the current price of $25.41. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Rogers Communications Inc (RCI) Summary page.
